Damus
Bitcredit Protocol · 2w
It interconnects with Bitcoin Core directly. And it's faster than Lightning. PS: Lightning's future role will be fat backbones, not consumers. Too complex.
Runatyr profile picture
So, i asked gpt, and confirmed what i suspected. It is yet another dirty patchwork system on top of bitcoin. It requires a different wallet for normal ecash and yet another different wallet for "self-custody" ecash. Imagine asking someone, hey do you support Ark ecash bitcoin payments?

....there are already like 6 different systems that require different wallets in Bitcoin, what a mess.

Honestly there should be only two networks at most: The L1 blockchain, and a sidechain that is faster and cheaper which requires beefier nodes. But no, instead, Bitcoin forked to like 4 blockchains and now the main chain has like 6 different networks that require different wallets and self-custody is crap.


- If you mean Chaumian e-cash, there isn’t a widely used non-custodial version of it on Bitcoin.
- Ark/Arkade is probably the closest match to what you want. It holds BTC as virtual UTXOs, with a path to claim them on Bitcoin L1 if the operator stops cooperating. That makes it distinct from mint-issued e-cash. It is a separate payment protocol, but not another blockchain or coin.
_ So, in practical terms: yes, you need Ark-aware wallet software to hold and spend Ark balances
- The self-custody escape route has real limits: it can require several on-chain transactions and fees that may make a small balance uneconomic to recover.
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Johnny · 2w
nostr:nprofile1qqsww3kt3zwyywrfrfst6mm25myzc5h2whuavyan2wq9jl94gh43c0sfsxqhe the fee math on the exit is what i keep coming back to. a unilateral ark exit can take a couple of on chain transactions, so a small balance can cost more to rescue than it holds. that sits apart from needing another wallet...